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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.

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Mark Bassingthwaighte, Risk Manager

Since 1998, Mark Bassingthwaighte, Esq. has been a Risk Manager with ALPS, an attorney’s professional liability insurance carrier. In his tenure with the company, Mr. Bassingthwaighte has conducted over 1200 law firm risk management assessment visits, presented over 600 continuing legal education seminars throughout the United States, and written extensively on risk management, ethics, and technology. Mr. Bassingthwaighte is a member of the State Bar of Montana as well as the American Bar Association where he currently sits on the ABA Center for Professional Responsibility’s Conference Planning Committee. He received his J.D. from Drake University Law School.

4 min read

When Purchasing a Law Practice, Never Run with Assumptions

Assumptions. We all make them day after day. In fact, as I see it, doing so allows most days to progress with some level of predictability. For example, I often assume all my tech will function problem free, the power will stay on, and that if I...

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4 min read

Why Declinations Really Do Need to Be Tracked

I’ve always been curious about why some attorneys never take the time to make sure that at least the name of every declined prospective client makes...

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4 min read

Data Security – It’s Time to Stop Making Excuses

(Updated May 19, 2023) The days when an attorney could send an unencrypted email without worry, remain blissfully ignorant about encrypting a...

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3 min read

Try Not To Be A Patsy, Seriously.

I’m not sure why, but I’ve always had a fondness for the word patsy. While the word doesn’t seem to be in wide use anymore, I personally believe the...

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4 min read

How To Identify The Potential Clients You Really Should Say No To

(Updated March 2024) Everyone makes a wrong decision now and again. Unfortunately, if the wrong decision was agreeing to take on a client that you...

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4 min read

Don't Minimize The Importance Of Managing Your Side Of the Attorney-Client Relationship

Over the years, numerous articles have been written on how to successfully manage attorney-client relationships. Typically, these articles emphasize...

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3 min read

Is The Death Of The Legal Profession Upon Us?

Over the years, I have witnessed a few vigorous debates where the point of contention was whether the practice of law is a business or a profession...

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4 min read

If You Failed To Document It, It Never Happened.

(Updated March 2024) Please, can we just acknowledge that lawyers as a group are terrible when it comes to properly and thoroughly documenting their...

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3 min read

Yes, Virginia, There Really Are Accidental Clients

I will share that I can appreciate a well-crafted cocktail; but I can also assure you that when I am in a situation where such beverages are being...

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4 min read

When Nonprofit Boards Come Calling

Look, I get it. An opportunity to sit on the board of a local nonprofit is finally yours for the taking. Better yet, it’s a charitable cause you...

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4 min read

How To Minimize The Risk Of Becoming A Victim Of Wire Fraud

Updated 07/2023 Lawyers remain a high-profile target for scammers hoping to get away with wire fraud and the attack vectors they are using continue...

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4 min read

How Long Do We Need To Keep Our Closed Files

Updated August 2023 This question is the one question I’m asked more than any other and I get it. Although my wife is a physician, she had to deal...

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5 min read

Social Media and the Attorney-Client Privilege Warning

I do believe as attorneys we all have a pretty good handle on the ins and outs of attorney-client privilege. It’s not been an issue for me. What...

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